CD Type Annuities

They usually dont have any fees (annual or funds) attached to them like VAs do. And they dont have the downside risk since they are not actual funds. Granted they dont have the diversity that a VA with 15 different funds has, but for a basic need for someone who is afraid of the market to begin with, it sound pretty good. Your thoughts?

I read a little about the woman who was 80 and had lots of money and her broker wanted to sell her annuities. Many people said that was not a good idea.
My mom is 82 and has absolutely no money in the bank. Her income was from a building she was part owner of that was leased as a resturant. The business went belly up and the building was sold. It is in escrow as I type. She will get about half a mil when all is said and done in January.
She is talking to a broker that wants her to put all of it into some kind of annuoity that pays 9 per cent. He is tall and friendly as his qualifications. I have never met him but I just picked up the prospectus package when I last visited.
It is through Jackson National Life and it is a variable annuity.
I will meet with this guy sometime next month but have no facts to counter his proposals.
Someone have some thoughts on this situation?

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How Index Annuities Can Keep You From Losing Your Money And Provide an Guaranteed Income For The Rest of Your Life! Market Gains, No Market Losses Beat the rate at the Bank Guaranteed Income… More >>

Saving Retirement NOW!: How Index Annuities Can Keep You From Losing Your Money And Provide an Guaranteed Income For The Rest of Your Life!

I have a retirement fund with a list of stock and bond funds that I can chose from. I’m no expert but I know what a bond is and what stocks are and I understand the difference between investing aggressively or conservatively. However now they offer annuities too, and this is a new one on me. I’ve heard the word before, but have no idea and what an annuity is?

My adviser thinks this is the best option for me but I’m not sure. I think this is the best option for him to make the most $ off of me. I just want it to grow with as little fees as possible.

It’s a five year commitment for 4% and they say it’s all non taxable. Is that a good deal? They want $10k.

Equity-indexed annuities offer extremely high commissions to EIA salespeople compared to other products – why is that?

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Title: The Method of Calculating the Values of Life Annuities, Assurances, Fines Payable on the Renewing of Leases,… More >>

The Method of Calculating the Values of Life Annuities, Assurances, Fines Payable on the Renewing of Leases,

Say you want to have :

* $1,000,000 in 40 years (so FV=1,000,000).
* Bank pays 8% APR with quarterly compounding..
* Payments are made at the end of the periods.

How do you get this? Thanks!
Edit: Payments are made the end of periods.

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In this paper we ask whether an aspect of social security, namely its role as a provider of insurance against uncertain life spans, is welfare enhancing. To this end we use an OLG model where agents have a bequest motive and differ in sex and marital status and where families are formed and destroyed and their characteristics evolve (exogenously) according to U.S. demographic patterns of marriage, divorce, fer… More >>

Social security, life insurance and annuities for families

My grandmother is terminally ill and my parents are attempting to get her finances in order. My parents found out she has two annuities, one POD to my dad & the other POD to my brothers and me.

All I remember from college accounting is that annuities pay the recipient a fixed amount for a fixed period. My mom doesn’t believe me & thinks that the value listed on them is the cash value. My mom & the paperwork are 4 hours away so I haven’t even seen what she’s talking about.

After my grandmother is at peace, I will take copies of the documentation professionals to help me better understand them, in the meantime, what should we look for to understand what we have and the value?

Please don’t think we’re squabbling about money when my grandmother is dying. The issue is that she will live out her remaining days in a hospital and then a nursing home and doesn’t have Medicare supplementary insurance so her estate is going to have to pony up the 20% not covered by the government.